TOMG 200 Tourism Management & Environment Economic Impacts of Tourism Case Study: The Eden Project, Cornwall, U.K.

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Presentation transcript:

TOMG 200 Tourism Management & Environment Economic Impacts of Tourism Case Study: The Eden Project, Cornwall, U.K.

Economic characteristics of the tourism industry  Tourism brings economic benefits (TSAs) –Much needed foreign exchange –Generates employment – Improve social and economic benefits in a destination area, esp. if remote from tourism flow (‘multiplier effect’)  But tourism not like other industries --- more complex –An invisible export industry  No tangible product –Tourists require supporting goods & services  Need infrastructure to access (airports, roads, IT networks) –Fragmented product  Many elements, not coordinated –Highly price- and income-elastic product –Perishable product  If a hotel room not booked one night then that income is lost –Subject to exogenous shocks  Currency fluctuations, politics, wars, SARS, terrorism, carbon tax –Seasonality puts pressure on resource

Tourist Attraction Development: The Eden Project, Cornwall, U.K.  Entrepreneurial activity can stimulate new economic activity  Developed from the vision of one man – Tim Smit, owned by the Eden Trust (reg’d charity)  Located in a former china clay pit to illustrate how degraded environments can be regenerated  An example of sustainable development  A living theatre of plants, people, places & possibilities (“the 8 th Wonder of the World”)  Opened as a visitor attraction summer 2001  300,000 visitors in first 3 months of opening  80 million UK pound development  Its development has caused some controversy (impacts)

Visitor impressions of The Eden Project

Eden: The Inside Story Individual Discussion Question (1): - What makes a tourist attraction successful? -

Required readings:  Chapter 3 of required text  Chapter 1 in Garrod & Fyall (2011) – “This Other Eden” Useful resources:  Economic Impacts of the Rugby World Cup: our-buck/tabid/1356/articleID/226210/Default.aspx our-buck/tabid/1356/articleID/226210/Default.aspx  Tourism Satellite Account (Economic Impact of Tourism Statistics) urism.aspx urism.aspx